The value of garment and textile exports from the Philippines this year may expand by around 50 per cent to $1.5 billion as the industry is keen on filling up supply gaps by other producers.
To Cambodia, RCEP constitutes a modern legal platform that inspires the country to opt for more liberalized free trade agreements, using RCEP as a liberalization model or threshold, said Cambodian Commerce Minister Pan Sorasak.
Both Malaysia and China aspire to leverage the Regional Comprehensive Economic Partnership (RCEP) agreement to boost trade activities, said Deputy Minister of International Trade and Industry, Datuk Lim Ban Hong.
Senior Minister and Minister of International Trade and Industry, Datuk Seri Mohamed Azmin Ali and other ASEAN Economic Ministers are expected to charter ASEAN’s regional work plan for 2022 during the virtual 28th ASEAN Economic Ministers’ (AEM) Retreat, which will be held on Wednesday (March 16).
Mexico and Malaysia are good investment destinations for US businesses, particularly those with a China footprint seeking to diversify their supply chains.
Cambodia and the EU have renewed their pledge to enhance bilateral trade and investment ties in spite of the lingering economic fallout from the Covid-19 pandemic.
The Regional Comprehensive Economic Partnership will boost Cambodia’s export by 9.4 percent to 18 percent yearly, contributing to up to 3 percent annual economic growth.
Permanent Deputy Prime Minister Pham Binh Minh has signed a decision assigning duties of ministries relating to the implementation of the Regional Comprehensive Economic Partnership (RCEP) which took effect from January 1.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
